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German investor sentiment slips again
15-12-2009 11:39
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German investor confidence declined for a third consecutive month in December, according to the ZEW think tank's monthly poll.
The sentiment index, which aims to predict developments six months ahead, still came in slightly above forecast, at 50.4 in December, down from 51.1 in November. Analysts were looking for a reading of around 50.
The assessment of the current situation improved once more. The corresponding indicator rose by 5.0 points to minus 60.6 points.
'We are still at the bottom of a recession,' said ZEW president Wolfgang Franz. 'Next year, we will see a recovery, but not an economic upswing.'
The sentiment index, which aims to predict developments six months ahead, still came in slightly above forecast, at 50.4 in December, down from 51.1 in November. Analysts were looking for a reading of around 50.
The assessment of the current situation improved once more. The corresponding indicator rose by 5.0 points to minus 60.6 points.
'We are still at the bottom of a recession,' said ZEW president Wolfgang Franz. 'Next year, we will see a recovery, but not an economic upswing.'
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